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Jan 28, 2013
01/13
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we should start this new attempt hopefully with full understanding of how difficult the tax is. and finally, last couple of days we have been ability to event what was called a nuclear option in the united states senate. a lot of people don't appreciate how important it was for us to get that done. chuck schumer and i and others and dick durbin were involved a bistart san effort to avert that. we were able to do that with the co-leaders. there is a desire for bipartisanship here in this body. i think we can show the country and the world that we are capable of tackling this issue, a looming and terrible issue that has to be resolved in a bipartisan basis and i believe the majority of the american people support such an effort and i want to thank my colleagues again and the ever congenial senator schumer. >> now we'll have the even more congenial senator durbin. >> i want to thank my colleagues. john mccain, thanks. we have been down this road before but i feel very good about our chances this time. chuck, thank you for your leadership on this. i'm sure that marco and bob and lin
we should start this new attempt hopefully with full understanding of how difficult the tax is. and finally, last couple of days we have been ability to event what was called a nuclear option in the united states senate. a lot of people don't appreciate how important it was for us to get that done. chuck schumer and i and others and dick durbin were involved a bistart san effort to avert that. we were able to do that with the co-leaders. there is a desire for bipartisanship here in this body. i...
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Jan 24, 2013
01/13
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the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the wars? or do you think maybe we could insure maybe another 30 million people? do the math. that would pay for about half of obama care. that would really make the righties happy. think about it. why is it number one, wall street doesn't get prosecuted. number two, they get off scot-free on these transactions. this is an easy thing, and nobody is going to feel it. everything is going to be fine. joining me tonight, david cay johnston, pulitzer prize winning journalist and author of "the fine print." david cay, grit to have you with us. >> good to be here. >> explain what a high-speed trade is for thos
the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the...
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Jan 27, 2013
01/13
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. >>> former massachusetts senator scott brown learned two lessons the hard way -- do not engage trolls on twitter, and do not delete your tweets. you see, brown usually ignores nasty tweets that are thrown his way. late friday night he must have had enough of his detractors and responded. he had enough. tweeted several people with the response, whatever. as the night wore on, whatever became this. this would be the word whatever spelled with a b and a q. the early-morning messages were deleted. it set off a series of jokes. one person even registered it as a domain name. the recent tweet from brown since this happened is he went for a run and went to the gym. destined to take them over. ♪ the sirius xm satellite radio in the 2013 ram 1500. engineered to move heaven and ea
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. >>> former massachusetts senator scott brown learned two lessons the hard way -- do not engage trolls on twitter, and do not delete your tweets. you see, brown usually ignores nasty tweets that are thrown his way. late friday night he...
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Jan 26, 2013
01/13
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he ruled out tax increases. house republicans don't want to cut defense spending, in fact, in the romney campaign they wanted to raise it quite a bit. in theory, you shouldn't cut medicare for anybody retiring in the next ten years, so you can't get cuts there if you stick to that. the whole budget, it is only about a trillion and a half dollars. that is all of our spending on the poor and education, and skills training and research, everything else we're doing, it is about a trillion and a half. and ryan needs $800 billion. is ryan really going to cut all that by half, by more than half? that would be the most unpopular budget in history, it would be a disaster. or would the republican party change their promises and cut into medicaid or social security in the next ten years? this is what they have backed themselves into, these choices. there is a reason why ryan, who is really a conservative guy, who is trying to create a budget, that was a genuinely conservative guy, if you're not raising taxes you can't do i
he ruled out tax increases. house republicans don't want to cut defense spending, in fact, in the romney campaign they wanted to raise it quite a bit. in theory, you shouldn't cut medicare for anybody retiring in the next ten years, so you can't get cuts there if you stick to that. the whole budget, it is only about a trillion and a half dollars. that is all of our spending on the poor and education, and skills training and research, everything else we're doing, it is about a trillion and a...
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Jan 26, 2013
01/13
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. >> say on the tax policy, they fought on raising taxes on the rich. 60% to 70% of the public agree with the president on that. so they're marginalized on a lot of policy matters, and the stupid comments don't come out. >> coming out for lower taxes are not going to get you beat. why don't they stick to the strong points? republicans looked ridiculous this week when they decided to go after hillary clinton, who is riding so high in the polls. why did they go after her at the very point she was at her strongest, they attacked. let's take a look. >> i'm glad that you're accepting responsibility. i think that ultimately with your leaving you accept the culpability for the worst tragedy since 9/11, and i really mean that. had i been president at the time and i found that you did not read the cables from benghazi, you did not read the cables from ambassador stevens, i would have relieved you of your post. i think it's inexcusable not to know of the request for security that really i think cost these people their lives. >> madam secretary, you let the consulate become a death trap. and th
. >> say on the tax policy, they fought on raising taxes on the rich. 60% to 70% of the public agree with the president on that. so they're marginalized on a lot of policy matters, and the stupid comments don't come out. >> coming out for lower taxes are not going to get you beat. why don't they stick to the strong points? republicans looked ridiculous this week when they decided to go after hillary clinton, who is riding so high in the polls. why did they go after her at the very...
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Jan 31, 2013
01/13
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time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> massachusetts governor duvall patrick has named a place holder to fill the senate seat of john terry. he'd be the second african-american in the senate. tim scott of south carolina, another appointee is the other. it's the first time in history that two african-americans have served in the senate at the same time. in selecting cowan, governor patrick passed over former congressman barney frank who openly lobbied for the job. cowan will serve until april 30th when massachusetts voters will choose someone to fill out the remainder of kerry's term. we'll be right back. stand. our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with ou
time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> massachusetts governor duvall patrick has named a place holder to fill the senate seat of john terry. he'd be the second african-american in the senate. tim scott of south carolina, another appointee is the other. it's the first time in history that two african-americans have served in the senate at the same...
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Jan 26, 2013
01/13
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it's been three weeks since the congress and the president raised taxes to prevent the fiscal cliff. before the election they called it taxmageddon. many said all they needed was mitt romney to save them. even mitt romney was in awe of mitt romney's awesomeness. >> they'll probably be looking at what the polls are saying, but it looks like i'll be winning the markets and the markets will be happy. it looks if the president were to win the markets would not be so happy. my own view is if we win on november 6th, there will be a great deal of optimism about the future of this country. we'll see capital come back, and we'll see -- without actually doing anything, we'll actually get a boost in the economy. >> i mean, there would be no way the economy could sustain a kenyan muslim socialist assault on all that is good and right and american. but our markets for another few days, much less four more years. again, today is january 25th. and the markets are supposed to be in the tank. so when i heard this, i could barely understand the words. >> this is some sustained growth in the stock mark
it's been three weeks since the congress and the president raised taxes to prevent the fiscal cliff. before the election they called it taxmageddon. many said all they needed was mitt romney to save them. even mitt romney was in awe of mitt romney's awesomeness. >> they'll probably be looking at what the polls are saying, but it looks like i'll be winning the markets and the markets will be happy. it looks if the president were to win the markets would not be so happy. my own view is if...
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Jan 29, 2013
01/13
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this is going to cost them tax wrshz this is going to cost them a significant weight. after they do all of that, the only thing they're going to have access to is the opportunity to apply for a green card. >> no word if undocumented immigrants will also need to walk on coals or eat fire before being considered for citizenship. for republicans the road to reform is indeed a long one, and they must start with the very basics. yesterday a top republican super pac, the american action network sent house republicans a memo outlining tonally sensitive language regarding immigration reduce. do use undocumented immigrant. don't use the word illegals. >> illegals. >> illegals. >> illegals. >> illegals. >> also, forget that you ever used the phrase anchor baby. >> it's probably not the case for an anchor baby that gets citizenship. >> what we refer to as anchor baby. >> the impact of the anchor baby industry. >> created this issue of anningor babies. >> finally, in case you were a fan of the phrase send them all back and electric fence, unlearn them quickly. no mention in the me
this is going to cost them tax wrshz this is going to cost them a significant weight. after they do all of that, the only thing they're going to have access to is the opportunity to apply for a green card. >> no word if undocumented immigrants will also need to walk on coals or eat fire before being considered for citizenship. for republicans the road to reform is indeed a long one, and they must start with the very basics. yesterday a top republican super pac, the american action network...
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Jan 31, 2013
01/13
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because he's trying to do away with personal income taxes. and he wanted to eliminate hospice care for medicaid patients. so this perspective on spending that the tea party brought certainly hasn't gone away. anytime you've got 36 united states senators who voted down sandy relief a couple days ago, you know that something has fundamentally changed about the way that republicans talk about government. so i think it's too early to say that they're dead, but all the things dana points to are good signs and signs of some kind of sanity seeping in. >> and dana, maybe it's all in a name. because i think what continues on for sure is this conservative domination particularly in republican primaries. i mean, here you've got mitch mcconnell being threatened now in kentucky and next year's election from the right. >> right. and the tea party's never really been an organized political force. and i'm using that as a shorthand for the far right that's been dominating the party right now. and as i point out in the column, that force really isn't going any
because he's trying to do away with personal income taxes. and he wanted to eliminate hospice care for medicaid patients. so this perspective on spending that the tea party brought certainly hasn't gone away. anytime you've got 36 united states senators who voted down sandy relief a couple days ago, you know that something has fundamentally changed about the way that republicans talk about government. so i think it's too early to say that they're dead, but all the things dana points to are good...
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Jan 24, 2013
01/13
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and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these guys were not mad about george w. bush's big spike in spending, buzz they have decided to get really mad at the guy who is fixing that, and that anger is weird enough on its own terms. it's weird enough that this republican analysis of this problem is so divorced from reality. but what today's news reminded us is it's not just the analysis that is weird, it's also the purpose of the analysis, what they are using this cockamamy backwards analysis to justify that is really deeply strange. for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has rou
and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these...
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Jan 31, 2013
01/13
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income jumped because people were paying themselves a ton of money ahead of the higher tax rate this year. but for the most part, you had the higher income numbers, which is a good thing. >> that's a good thing. you're also fog a story in the "wall street journal" today about unions and health care. >> it's getting a lot of play out there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth qu
income jumped because people were paying themselves a ton of money ahead of the higher tax rate this year. but for the most part, you had the higher income numbers, which is a good thing. >> that's a good thing. you're also fog a story in the "wall street journal" today about unions and health care. >> it's getting a lot of play out there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug...